Equities research analysts expect that CDW Corp (NASDAQ:CDW) will announce sales of $3.46 billion for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for CDW’s earnings, with the lowest sales estimate coming in at $3.41 billion and the highest estimate coming in at $3.53 billion. CDW posted sales of $3.32 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 4.2%. The company is expected to announce its next quarterly earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that CDW will report full year sales of $3.46 billion for the current financial year, with estimates ranging from $15.58 billion to $16.02 billion. For the next year, analysts anticipate that the business will post sales of $16.47 billion per share, with estimates ranging from $16.38 billion to $16.66 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that cover CDW.
CDW (NASDAQ:CDW) last announced its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.05. CDW had a return on equity of 65.93% and a net margin of 3.44%. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter last year, the company earned $0.86 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis.
A number of research firms recently weighed in on CDW. ValuEngine raised CDW from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. began coverage on CDW in a report on Wednesday, March 7th. They set a “neutral” rating and a $83.00 price target for the company. BidaskClub raised CDW from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Royal Bank of Canada reissued a “buy” rating and issued a $80.00 target price on shares of CDW in a research note on Monday, January 15th. Finally, Zacks Investment Research cut CDW from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. CDW currently has a consensus rating of “Buy” and a consensus price target of $74.56.
CDW stock traded down $1.85 during trading on Friday, hitting $73.98. The company had a trading volume of 1,261,492 shares, compared to its average volume of 931,679. The company has a debt-to-equity ratio of 3.27, a current ratio of 1.34 and a quick ratio of 1.16. The company has a market cap of $11,559.03, a P/E ratio of 20.44 and a beta of 1.06. CDW has a 1-year low of $55.80 and a 1-year high of $76.73.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Monday, February 26th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.14%. CDW’s dividend payout ratio (DPR) is presently 25.23%.
In other CDW news, insider Neal J. Campbell sold 3,805 shares of CDW stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $75.36, for a total transaction of $286,744.80. Following the transaction, the insider now directly owns 35,829 shares in the company, valued at $2,700,073.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Neil B. Fairfield sold 700 shares of the business’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $74.26, for a total value of $51,982.00. Following the completion of the sale, the insider now owns 3,168 shares in the company, valued at $235,255.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,812 shares of company stock valued at $3,952,269. 2.60% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of CDW by 2.1% in the fourth quarter. BlackRock Inc. now owns 11,852,737 shares of the information technology services provider’s stock valued at $823,644,000 after purchasing an additional 249,110 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of CDW by 136.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 4,189,852 shares of the information technology services provider’s stock valued at $291,153,000 after purchasing an additional 2,416,975 shares in the last quarter. USS Investment Management Ltd lifted its holdings in shares of CDW by 60.1% in the fourth quarter. USS Investment Management Ltd now owns 2,476,491 shares of the information technology services provider’s stock valued at $172,153,000 after purchasing an additional 929,488 shares in the last quarter. Makaira Partners LLC lifted its holdings in shares of CDW by 6.1% in the fourth quarter. Makaira Partners LLC now owns 1,996,750 shares of the information technology services provider’s stock valued at $138,754,000 after purchasing an additional 113,950 shares in the last quarter. Finally, Jennison Associates LLC increased its position in shares of CDW by 5.0% in the fourth quarter. Jennison Associates LLC now owns 1,948,499 shares of the information technology services provider’s stock valued at $135,401,000 after acquiring an additional 92,103 shares during the last quarter. Institutional investors own 91.17% of the company’s stock.
CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States, Canada and the United Kingdom. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers in the United States based on employee size between Medium/Large customers, which primarily includes organizations with more than 100 employees, and Small Business customers, which primarily includes organizations with up to 100 employees.
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